Overview
What is Society Of Women Engineers Endowment Fund Inc?
Society of Women Engineers Endowment Fund Inc, situated in Sanford, North Carolina at 500 Westover Drive 15679, is a nonprofit organization dedicated to supporting undergraduate and graduate women engineering students. Their primary mission is to provide resources for scholarships, awards, designated funds, and headquarters operations for the Society of Women Engineers. Through these initiatives, they aim to empower and encourage female engineers in their academic pursuits, contributing to a more diverse and inclusive engineering field.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
The Society of Women Engineers Endowment Fund Inc has received a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The charity scored particularly well in areas such as having a fully independent board and a thorough audit and oversight committee, contributing to a trustworthy governance structure.
The organization excels in its financial practices, demonstrating no material diversion of assets and maintaining a low liabilities-to-assets ratio, which indicates a strong financial position. Additionally, the charity has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to its transparent operations.
However, the charity's program expense ratio stands at 62%, which is somewhat lower than the ideal benchmark for effective program spending. This could suggest that a larger portion of its expenses may be allocated to administrative costs rather than direct program services, a factor that potential donors may want to consider when evaluating its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Women Engineers Endowment Fund Inc legitimate?
Society Of Women Engineers Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Women Engineers Endowment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Society Of Women Engineers Endowment Fund Inc?
The Society of Women Engineers Endowment Fund Inc has a mission to support various aspects of the Society of Women Engineers. This includes providing scholarships and awards for undergraduate and graduate women engineering students, managing designated funds, and overseeing headquarters operations. By doing so, the organization aims to contribute to the education and advancement of women in the engineering field. The Endowment Fund collaborates with the Society of Women Engineers to provide financial assistance and resources, ultimately promoting gender equality and empowering women in engineering.
Who is the CEO of Society Of Women Engineers Endowment Fund Inc?
Holly Teig is the Trustee of Society Of Women Engineers Endowment Fund Inc.
What is the revenue of Society Of Women Engineers Endowment Fund Inc?
Society Of Women Engineers Endowment Fund Inc's revenue in 2022 was $978,863.
Who are the executives of Society Of Women Engineers Endowment Fund Inc and what are their salaries?
There 8 volunteers at Society Of Women Engineers Endowment Fund Inc.
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Where can I find the form 990 for Society Of Women Engineers Endowment Fund Inc?
Society Of Women Engineers Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Society Of Women Engineers Endowment Fund Inc
The Society of Women Engineers Endowment Fund Inc is dedicated to supporting various operational aspects of the Society of Women Engineers. Their primary mission is to provide financial aid in the form of scholarships, awards, and designated funds for undergraduate and graduate women engineering students. This nonprofit organization aims to empower and encourage women in the engineering field by offering financial assistance, thereby contributing to their educational pursuits and future careers in engineering.
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Impact
October, 2024
The Society of Women Engineers Endowment Fund Inc significantly impacts the engineering community by providing essential scholarships to undergraduate and graduate women engineering students. By supporting the educational aspirations of these women, the fund helps to reduce financial barriers and encourages more female participation in the engineering field, fostering diversity and innovation.
In addition to scholarships, the fund also supports awards and designated initiatives that recognize achievement and excellence among women engineers. This commitment to uplifting women in engineering not only enhances their academic and professional journeys but also contributes to a more inclusive and representative engineering workforce. Moreover, by backing the operations of the Society of Women Engineers, the fund plays a crucial role in sustaining programs that promote community improvement and inspire future generations of female engineers in Sanford, NC, and beyond.
This information is meant to be a general summary of Society Of Women Engineers Endowment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $521,576
- Gross Receipts: $2,035,669
Assets and Liabilities:
- Total Assets: $12,880,425
- Total Liabilities: $368,600
- Net Assets: $12,511,825
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Organization Details
Founding Year
2004
Phone
(309) 256-1969Principal Officer
Holly Teig
Main Address
500 WESTOVER DRIVE 15679, SANFORD, NC, 27330
NTEE Category
Code: S112 - Community improvement
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